Malaysia

Friday, November 4, 2016

State-owned China General Nuclear Power Corp bought 1MDB’s power assets for US$2.3 billion, while the Malaysian fund sold a 60 per cent stake in a property project in Kuala Lumpur to China Railway Engineering Corp and a local partner. The real estate project will host terminals for a planned high speed rail connecting Kuala Lumpur to Singapore, which Chinese companies have expressed interest in building.http://www.straitstimes.com/asia/se-asia/malaysia-awards-new-east-coast-rail-link-project-to-china-company

The East Coast Rail Link (ECRL) is a long-planned project that was put under the 11th Malaysian plan which will link Kuala Lumpur and three east coast states in Peninsular Malaysia. It is 620km long involve a “significant amount of underground tunnelling”. The East Coast Economic Region Development Council has established that a rail route connecting the major ports, business centres and towns in Pahang, Terengganu and Kelantan was vital to achieve growth in the region.

It is expected to take 15 to 20 years to develop as it will involve a lot of underground work and building tunnels across Banjaran Titiwangsa.

Chinese companies will finance and build a 620-kilometre rail line spanning the east coast of peninsular Malaysia with construction set to begin as early as next year, the New Straits Times reported.

The construction contract will be awarded to China Communications Construction Co, while a financing agreement will be signed with Export-Import Bank of China

Malaysia expects a competitive interest rate with a repayment period of 20 years.

The east coast rail line will connect eastern cities and towns with the nation’s capital. The government hopes to complete the east coast rail deal before the year’s end and for construction to start in early 2017

Wednesday, August 5, 2015

Sunday, August 2, 2015

The administrative capital is Kuching, which has a population of 700,000.[24] Major cities and towns include Miri (pop. 350,000), Sibu (pop. 257,000) and Bintulu (pop. 200,000). As of the last census (2010), the state population was 2,420,009.[4]

https://en.wikipedia.org/wiki/Sarawak

Having land area of 124,450 square kilometres (48,050 sq mi) spreading between latitude 0° 50′ and 5°N and longitude 109° 36′ and 115° 40′ E, it makes up 37.5% of the land of Malaysia.The state of Sarawak has introduced the Sarawak Corridor of Renewable Energy (SCORE), with investment in the aluminium, the polysilicon, and minerals-based industries as well as agriculture including aquaculture and halal.[clarification needed]SCORE singles out 10 key industries for development.[55] These include tourism, oil, aluminium, metals, glass, fishing, aquaculture, livestock, forestry, and palm oil.[56] Investors are being drawn to the region because it is rich in energy resources, with an energy potential of 28,000 MW, of which 20,000 MW are inhydropower, 5,000 MW in coal-fired plants, and the remaining 3,000 MW in other energy sources including biofuel.[57] This allows Sarawak to price its energy competitively and encourage investments in power generation and energy-intensive industries that will stimulate strong industrial development in the corridor.[58]Sarawak has an abundance of natural resources. LNG and petroleum Sarawak is also one of the world's largest exporters of tropical hardwood timber and is the major contributor to Malaysian exports. The last UN statistics estimated Sarawak's sawlog exports at an average of 14,109,000 m³ between 1996 and 2000.[63] In 2013, Sarawak GDP was RM 58 billion,[64] with GDP per capita of RM 41,115.[65]Sarawak has the third highest GDP per capita in Malaysia; after Kuala Lumpur and Labuan.Tourism plays a major role in the state's economy. In 2014, Sarawak was visited by 4.858 million tourists, both international and domestic.[66] In 2014, tourism contributed to 17% of state gross domestic product, amounting to MYR 10.6 billion.